Furnishing the details of outward supplies other than QRMP [Section 37(1)]
Returns – GST Ready Reckoner
GST
Furnishing the details of outward supplies other than QRMP [ Section 37(1) ]
Introduction
The basic features of the return mechanism in GST includes electronic filing of returns, uploading of invoice level information, auto-population of information relating to input tax credit from returns of supplier to that of recipient, invoice level information matching and auto-reversal of input tax credit in case of mismatch. The returns mechanism is designed to assist the taxpayer to file returns and avail ITC.
Furnishing details of outward supplies [ section 37(1) of CGST Act & Rule 59(1) ]
* Person Liable to furnish GSTR-1: – Every registered person, other than
* an Input Service Distributor,
* a non-resident taxable person and
* a person paying tax under the provisions of section 10 or
* TDS deductor section 51 or
* TCS collecting secti
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-3B for the said tax period, at his own option, amend or furnish additional details of outward supplies of goods or services or both in FORM GSTR-1A for the said tax period electronically through the common portal, either directly or through a Facilitation Centre as may be notified by the Commissioner. [ First proviso of rule 59(1) Inserted vide Notification No. 12/2024 – Central Tax dated 10-07-2024, ]
Extension of Due date: –
* The Commissioner may, for reasons to be recorded in writing, by notification, extend the time limit for furnishing such details for such class of taxable persons as may be specified therein.
* Any extension of time limit notified by the Commissioner of State tax or Commissioner of Union territory tax shall be deemed to be notified by the Commissioner.
Due dates of submission of GSTR-1
* The details of outward supplies of goods or services or both effected during a tax period on or before the 10th day (now extended upto 11th days) o
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jurisdictional Commissioner may, for the reasons to be recorded in writing, extend the time limit for filing such outward supply statement for the particular class of taxable persons.
* The supplier of the goods or services shall either accept or reject the modification, addition or deletion of the invoice data by the:
* Recipient in Form GSTR-2 under section 38,
* Input Service Distributors in Form 6 and
* Composition dealer in Form GSTR-4.
* Corrections done in GSTR-2, 4 or 6 will be populated in GSTR 1A and supplier of goods and or services shall either accept or reject the details on or before the 17th day but not before the 15th day of the succeeding month and GSTR 1 shall stand amended accordingly.
* The Outward Supply Statement ( Sale) (GSTR 1 Return) has following main sections.
Rule 67A Manner of furnishing of return or details of outward supplies by short messaging service facility
* A registered person who is required to furnish a Nil return under
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ies with invoice value more than Rs. 1 lakh rupees made to the unregistered persons; [ Inserted vide Notification No. 12/2024 – Central Tax dated 10-07-2024 ]
* (b) consolidated details of all –
* (i) intra-State supplies made to unregistered persons for each rate of tax; and
* (ii) Upto 31st July 2024, State wise inter-State supplies with invoice value upto 2.5 lakh rupees made to unregistered persons for each rate of tax;
* (iii) From 1st August 2024, State wise inter-State supplies with invoice value upto Rs. 1 lakh rupees made to unregistered persons for each rate of tax; [ Inserted vide Notification No. 12/2024 – Central Tax dated 10-07-2024 ]
* (c) debit and credit notes, if any, issued during the month for invoices issued previously.
As per rule 59(4A) of CGST Rules [ Inserted vide Notification No. 12/2024 – Central Tax dated 10-07-2024 ]
* The additional details or the amendments of the
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l not be allowed to furnish the details of outward supplies of goods or services or both in FORM GSTR-1, if he has not furnished the return in FORM GSTR-3B for the preceding month.
*
A registered person, as per the rule 88C(1) in respect of a tax period to whom an intimation the intimated of the difference in Part A of FORM GST DRC-01B, electronically on the common portal, shall not be allowed to furnish the details of outward supplies of goods or services or both under section 37 in FORM GSTR-1 or using the IFF for a subsequent tax period, unless he has either deposited the amount specified in the said intimation or has furnished a reply explaining the reasons for any amount remaining unpaid, as required under the of rule 88C(2).
*
A registered person, to whom an intimation has been issued on the common portal under the provisions of rule 88D(1) in respect of a tax period or periods, shall not be allowed to furnish the details of outward
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ion to this rule
* a) Casual taxable person
* b) Cancellation of GSTN of normal taxpayer
* a taxpayer who has applied for cancellation of registration will be allowed to file GSTR-1 after confirming receipt of the application.
* b) Necessary to file GSTR-1, even if no business activity in any tax period.
* Filling of GSTR-1 is mandatory for all normal and casual taxpayer even if there is no business activity in any particular period. for such period a nil GSTR-1 is required to be filed.
* A Nil GSTR-1 can be filed through an SMS using the registered mobile number of the taxpayer. GSTR-1 through SMS is verified by registered number based OTP facility.
Important Notification & Circular
* Mandatory furnishing of correct and proper information of inter-State supplies and amount of ineligible/blocked Input Tax Credit and reversal thereof in return in FORM GSTR-3B and statement in FORM GSTR-1. [ See Circular No. 170/02/2022-GST dated 06.07.2022 ]
* Furni
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